Legislation – The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023
Changes to legislation:
There are currently no known outstanding effects for The Teachers’ Pension Scheme (Remediable Service) Regulations (Northern Ireland) 2023, Section 17.
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PART 4Provision about divorce and dissolution arrangements
CHAPTER 1Pension credit and pension debit members
SECTION 1Application and interpretation of Chapter 1
Application and interpretation of Chapter 1
17.
(1)
This Chapter applies in relation to—
(a)
a pension credit member (“C”),
(b)
the corresponding pension debit member (“D”), and
(c)
the pension sharing order by virtue of which C became a pension credit member in relation to D’s remediable teacher service (the “relevant pension sharing order”).
(2)
In this Chapter—
“appropriate person” means—
(a)
D, or
(b)
where D is deceased, D’s personal representatives;
“C” means the pension credit member mentioned in paragraph (1)(a);
“cash equivalent” means an amount calculated in accordance with regulations made under article 27 of WRPO 1999;
“corresponding pension debit member” means the remedy member referred to in sub-paragraph (c) of the definition of “pension credit member”;
“D” means the corresponding pension debit member mentioned in paragraph (1)(b);
“pension credit member” means a member of a teacher pension scheme who has rights under the scheme—
(a)
(b)
which arise by virtue of a pension sharing order with a transfer day on or after 1st April 2015, and
(c)
the value of which was determined (to any extent) by reference to the value of benefits payable in respect of the remediable teacher service of a remedy member;
“pension sharing order” means the order or provision by virtue of which article 26 of WRPO 1999 applies in relation to a pension credit member and the corresponding pension debit member;
“relevant pension sharing order” has the meaning given in paragraph (1)(c);
“remediable relevant benefits” means the benefits or future benefits described in article 26(4) and (5) of WRPO 1999 to which D is entitled by virtue of remediable shareable rights;
“” means D’s shareable rights secured by virtue of D’s remediable teacher service during the period beginning on 1st April 2015 and ending on the earlier of—
(a)
the day before the transfer date, or
(b)
the last day of D’s remediable teacher service;
“” has the meaning given in article 24(2) of WRPO 1999;
“transfer day” means the day on which the relevant pension sharing order takes effect;
“valuation day” has the meaning given in article 26(7) of WRPO 1999;
“WRPO 1999” means the Welfare Reform and Pensions (Northern Ireland) Order 1999 .